ET - 3 Passive Income Opportunities the Bear Market Has Churned Up
Bear markets are challenging times for investors. However, those challenges can create unique opportunities.
One benefit of a bear market is that dividend yields move in an inverse relationship with stock prices. Because of that, when share prices have tanked, income-focused investors can scoop up some particularly lucrative income streams. And in the views of three of our contributors , the current Wall Street downturn has made Honeywell (NASDAQ: HON) , Phillips 66 (NYSE: PSX) , and Energy Transfer (NYSE: ET) into even more appealing dividend stock opportunities.
Reuben Gregg Brewer (Honeywell): One of the best methods for a small investor to pick stocks is to look for historically well-run companies that have fallen on hard times. Industrial giant Honeywell, down around 20% from its mid-2021 high, seems to fit this description. A good portion of its drop has come during the 2022 bear market. But investors who buy its shares now can collect a dividend that, at the current stock price, yields 2.1%. And its payouts are backed by more than a decade of annual increases, which makes Honeywell a Dividend Achiever .
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3 Passive Income Opportunities the Bear Market Has Churned Up